Are Gas Prices Going To Plunge This Summer?http://www.businessinsider.com/are-gas-prices-going-to-collapse-this-summer-2011-5/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Fri, 09 Dec 2016 10:39:03 -0500Joe Weisenthalhttp://www.businessinsider.com/c/4dc42e9549e2aea43c040000mjw149Fri, 06 May 2011 13:23:33 -0400http://www.businessinsider.com/c/4dc42e9549e2aea43c040000
For all you pro-US drillers out there, notice the complete lack of mention of the US, the world's 3rd biggest oil supplier. We're already overproducing, and we don't have that much oil. We've produced more oil over the last 3 years, and what happened to the price? By emptying our reserves faster, I think we're driving prices up, because it's just a matter of time until we are at the mercy of OPEC.
The people in charge of oil prices are ALREADY NATIONALIZED. The Saudis, the Russians, the Venezuelans have most of the oil and are run by nationalized oil companies. Nationalizing Shell, BP and Exxon won't do much because they're small players now. Shell BP and Exxon make pretty good profit (billions) and produce a lot, but they don't hold a lot for the future, so they can't affect this market much.
Keep in mind what politicians call 'speculators' are just investors. And they know when we run out of oil domestically and from allies, the price will go way, way up. And right now we're not allies with the mideast producers.
Top oil companies table on this page:
<a href="http://en.wikipedia.org/wiki/Petroleum_industry" target="_blank">http://en.wikipedia.org/wiki/Petroleum_industry</a>
They are all nationalized and mostly have anti-US agendas. We're in for a world of hurt. Or, perhaps our children, but same difference.http://www.businessinsider.com/c/4dc412814bd7c8b021110000I, Jamie Dimon (JP Morgan Chase), Chief BANKSTER, The Only Ruler in Wall StreetFri, 06 May 2011 11:23:45 -0400http://www.businessinsider.com/c/4dc412814bd7c8b021110000
We got to NATIONALIZED the oil companies so we can keep the price at Normal level. It seems like the laws of supply and demand don't apply anymore. They are breaking all the laws and any court will give them a free ride. They have bought the whole system: they are running the country like Zimbabwe.http://www.businessinsider.com/c/4dc40cac49e2aee8630d0000david gekkoFri, 06 May 2011 10:58:52 -0400http://www.businessinsider.com/c/4dc40cac49e2aee8630d0000
once the US hit's the months of may and june, and we roll into summer, it's difficult for gas prices to go down, due to the issue of gas stations stocking a more specialized (ie - more costly to refine) expensive fuel blend during the summer to cut down on smog during hot monthshttp://www.businessinsider.com/c/4dc40b4349e2ae8958250000depressionFri, 06 May 2011 10:52:51 -0400http://www.businessinsider.com/c/4dc40b4349e2ae8958250000
i really don't want to see crude prices go down ... i find high prices comforting and hope it goes higher ... the price of gas is the only thing that reminds me that i'm sane in an insane world ..